Big Tax Mistakes Small Businesses Should Avoid

August 26, 2020 by First Federal Bank

Tax season is never a fun time of the year, but it’s important not to treat doing your taxes as yet another item to quickly cross off your to-do list, especially as the owner of a small business. There are a few common tax errors small business owners are prone to making, and avoiding them could save you a pretty penny.

Topics: Small Business, Financial Education

What is the 2K Rule?

August 21, 2020 by First Federal Bank

For many parents, saving for a child’s college education is a major source of stress. It’s often difficult, if not impossible, to know how much you actually need to save, as the cost of attending college varies wildly depending on the school and whether your child qualifies for financial aid. Without knowing what college your child will attend,...

Topics: Financial Education

Grow Your Business with Credit Card Payments

August 19, 2020 by First Federal Bank

Credit cards are a central part of the modern shopping experience — and if your business can’t accept credit card payments, you’re probably missing out on some serious revenue. Luckily, you won’t have to jump through too many hoops to process credit card payments. Consider these three simple payment-processing methods that your company can...

Topics: Small Business, Financial Education

Personal Taxes 101: Know the Basics

August 17, 2020 by First Federal Bank

When it comes to the responsibilities of adulthood, independence and enjoying an American lifestyle, few obligations are as daunting as paying your taxes. To those who have never had to do so before, filing yearly tax forms, learning the terminology, sorting through mountains of paperwork, and tracking your refund can be an overwhelming task. If...

Topics: Financial Education

Small Ways to Save Every Day

August 07, 2020 by First Federal Bank

Small changes you implement into your daily life can make a big impression on your financial health. If you’re looking for ways to save money every day without committing to a major financial overhaul, consider these tips:

Topics: Financial Education

Is Investing Right For You?

August 05, 2020 by First Federal Bank

The principle of “The greater the risk, the greater the reward” is tossed around a lot when it comes to gambling with your financial life. The potential for a great reward attracts many investors, but it’s not guaranteed. Before you put your money into any investment, whether it’s high or low risk, you need to fully understand what you’re...

Topics: Retirement, Financial Education

Are You Taking Full Advantage of Direct Deposit?

August 03, 2020 by First Federal Bank

It’s easy to take conveniences like direct deposit for granted without fully understanding how it works or why you should use it. You may have questions concerning direct deposit, so we want to make sure you fully understand the system.

Topics: Personal Banking, Financial Education

Health Insurance Options to Consider For Your Small Business

July 31, 2020 by First Federal Bank

Health insurance is a benefit most workers demand from their employers. As a small business owner, you might be overwhelmed by how to provide health benefits to your employees or secure adequate coverage for yourself. But there is no reason to panic. There are plenty of options to help satisfy your health insurance needs and the needs of your...

Topics: Small Business, Financial Education

Mobile Payment Scams to Avoid

July 29, 2020 by First Federal Bank

Apps that allow you to conduct transactions directly from your mobile phone have been quickly growing in popularity. Unfortunately, scammers try to take advantage of this convenience by tricking you into inadvertently sending them money. You can avoid this by knowing:

Topics: Personal Banking, Financial Education

The Perks of Having a Good Credit Score

July 27, 2020 by First Federal Bank

Achieving and maintaining a good credit score will enable you to fund the major purchases that you’ve been dreaming about. Here are just some of the doors that having a positive credit history will open for you:

Topics: Personal Banking, Financial Education

The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites. NMLS # 408902.

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